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5-Minute Videos | PragerU

Big Government, Big Business, Big Problems

5-Minute Videos | PragerU

PragerU

Self-improvement, History, Non-profit, Business, Education

4.86.9K Ratings

🗓️ 16 February 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Since the start of the Covid crisis, the American economy has been turned on its head. Times are good for the big guys — Big Business and Big Government. But what about for the small business owner, the personification of the American dream? Donate today to help keep PragerU podcasts and videos free! PragerU.com/donate Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Are you enjoying our content?

0:01.6

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0:05.4

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0:08.1

It's free and you can get it and download the iOS version or Android version at PragerU.com

0:13.4

forward slash join.

0:15.1

Now to today's episode.

0:16.9

Since the start of the COVID crisis, the American economy has been turned on its head.

0:21.0

Times are good for the big guys, big business and big government.

0:23.6

But what about the small business owner, the personification of the American dream?

0:28.0

Carol Roth, author of the war on small business, has the answers.

0:33.0

There was the Great Depression, the Great Recession, and now the Great Consolidation, a historic

0:39.0

transfer of wealth and power from the middle class to the already wealthy and well connected.

0:45.7

Big government and big business are dismantling and reshaping the American economy.

0:51.1

It works for them.

0:52.4

They are bigger, stronger and richer than ever.

0:55.7

But it doesn't work for most Americans.

0:58.9

This is especially true for the engine of economic growth, the small business owner.

1:04.7

More than 30 million small businesses account for about half the GDP and jobs in America.

1:10.8

The other half of the economy is concentrated in around 20,000 big companies.

1:17.1

Based on that almost equal split of economic value, you might expect that small businesses

1:22.6

have the same clout as big businesses.

1:26.1

Not even close.

...

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